Brief: IMS Signs Term Sheet To Gain 6 Mln Zloty For Its Unit

IMS SA

16/03/2023 06:56

March 16 (Reuters) - IMS SA  IMS.WA :
    * SIGNS TERM SHEET ON GAINING CAPITAL FOR UNIT CLOSER MUSIC
    * SAID CAPITAL IN AMOUNT OF 6 MILLION ZLOTYS
    * INVESTORS WILL GAIN JOINTLY 10.7% STAKE IN CLOSER MUSIC
AFTER
ITS SHARE CAPITAL INCREASE
    * TERM SHEET BETWEEN COMPANY, JR HOLDING ASI, EKIPA
INVESTMENTS
ASI, ONE NATURAL PERSON, CLOSER MUSIC AND WORLD OF MUSIC ASI
    * GAINED FUNDS WILL BE USED ON CLOSER MUSIC FURTHER
DEVELOPMENT,
INCL. EXTENSION OF ONLINE SALE APP, INCREASE OF SALES FORCE AND
ACQUIRING NEW CUSTOMERS
    * INVESTORS HAVE RIGHT TO CONVERT STAKE HELD IN CLOSER MUSIC
TO
SHARES IN IMS IN TIME PERIOD BETWEEN 24 AND 36 MONTHS FROM DATE
OF SIGNING OF INVESTMENT DEAL
    * ISSUE PRICE OF NEWLY CREATED IMS SHARES AT 3.21
ZLOTYS/SHARE

Source text for Eikon:  ID:nEMbCKTCMa 
Further company coverage:  IMS.WA 

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